Creative Planning Decreases Stock Position in ANSYS, Inc. (NASDAQ:ANSS)

Creative Planning cut its holdings in ANSYS, Inc. (NASDAQ:ANSS) by 9.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,978 shares of the software maker’s stock after selling 196 shares during the quarter. Creative Planning’s holdings in ANSYS were worth $577,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. IBM Retirement Fund raised its stake in ANSYS by 2.0% in the second quarter. IBM Retirement Fund now owns 2,003 shares of the software maker’s stock valued at $584,000 after buying an additional 40 shares during the last quarter. Allred Capital Management LLC increased its holdings in shares of ANSYS by 24.7% in the first quarter. Allred Capital Management LLC now owns 222 shares of the software maker’s stock valued at $52,000 after purchasing an additional 44 shares during the period. Cambridge Trust Co. increased its holdings in shares of ANSYS by 4.5% in the first quarter. Cambridge Trust Co. now owns 1,234 shares of the software maker’s stock valued at $287,000 after purchasing an additional 53 shares during the period. Squar Milner Financial Services LLC increased its holdings in shares of ANSYS by 6.6% in the first quarter. Squar Milner Financial Services LLC now owns 963 shares of the software maker’s stock valued at $223,000 after purchasing an additional 60 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of ANSYS by 8.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 785 shares of the software maker’s stock valued at $182,000 after purchasing an additional 60 shares during the period. Institutional investors own 92.11% of the company’s stock.

ANSYS stock opened at $310.60 on Friday. The firm has a market cap of $26.51 billion, a price-to-earnings ratio of 62.31 and a beta of 1.22. ANSYS, Inc. has a 52 week low of $186.81 and a 52 week high of $312.56. The business’s 50-day moving average price is $292.57 and its 200 day moving average price is $267.87. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.16.

ANSYS (NASDAQ:ANSS) last posted its earnings results on Wednesday, May 6th. The software maker reported $0.83 EPS for the quarter, topping the consensus estimate of $0.80 by $0.03. ANSYS had a return on equity of 13.73% and a net margin of 27.34%. The firm had revenue of $308.90 million for the quarter, compared to analyst estimates of $309.20 million. During the same period last year, the company earned $1.29 earnings per share. ANSYS’s revenue for the quarter was down 3.5% compared to the same quarter last year. Equities analysts expect that ANSYS, Inc. will post 4.78 EPS for the current year.

In other ANSYS news, Director Nicole Anasenes sold 1,050 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $283.49, for a total value of $297,664.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.58% of the stock is currently owned by company insiders.

A number of brokerages have recently weighed in on ANSS. Barclays increased their price objective on ANSYS from $210.00 to $224.00 and gave the company an “underweight” rating in a report on Monday, July 20th. Royal Bank of Canada increased their price objective on ANSYS from $230.00 to $260.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. Needham & Company LLC reissued a “hold” rating on shares of ANSYS in a report on Thursday, May 7th. Finally, Wedbush increased their price objective on ANSYS from $280.00 to $308.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $253.18.

About ANSYS

ANSYS, Inc develops and markets engineering simulation software and services worldwide. The company offers ANSYS Workbench, a framework upon which the company's engineering simulation technologies are built; ANSYS multiphysics software to simulate the interactions between structures, heat transfer, fluids, and electronics in a unified engineering simulation environment; and structural analysis product suite that provides simulation tools for product design and optimization.

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Institutional Ownership by Quarter for ANSYS (NASDAQ:ANSS)

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